Key Points
- Director insider purchase: ThredUp director Patricia Nakache bought 13,157 shares on March 10 at $3.73 each for about $49,075, increasing her stake to 14,017 shares (a reported 1,529.88% ownership increase).
- Recent results and financials: ThredUp reported Q EPS of -$0.04 (in line with estimates) on $79.7 million in revenue and remains unprofitable with negative ROE and net margin; the company has a market cap of roughly $467 million and a one‑year share range of $2.16–$12.28.
- Analyst and institutional activity: The stock has a consensus "Moderate Buy" with an average price target of $11, though several firms have recently trimmed targets (e.g., Wells Fargo to $10, Telsey to $9), and institutional investors own about 89% of the shares with some funds increasing positions.
ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache purchased 13,157 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $3.73 per share, for a total transaction of $49,075.61. Following the completion of the purchase, the director owned 14,017 shares in the company, valued at approximately $52,283.41. The trade was a 1,529.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
ThredUp Stock Performance
Shares of TDUP opened at $3.73 on Wednesday. The firm has a market capitalization of $466.77 million, a P/E ratio of -24.87 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.91 and a quick ratio of 0.91. ThredUp Inc. has a one year low of $2.16 and a one year high of $12.28. The business has a fifty day moving average of $5.10 and a 200 day moving average of $7.51.
ThredUp (NASDAQ:TDUP - Get Free Report) last announced its earnings results on Monday, March 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $79.70 million for the quarter, compared to analysts' expectations of $77.17 million. ThredUp had a negative return on equity of 34.48% and a negative net margin of 6.50%. As a group, sell-side analysts anticipate that ThredUp Inc. will post -0.56 EPS for the current year.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of ThredUp from a "buy" rating to a "hold" rating in a research note on Saturday, December 20th. Wells Fargo & Company cut their target price on shares of ThredUp from $13.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, March 3rd. Telsey Advisory Group lowered their price target on ThredUp from $12.00 to $9.00 and set an "outperform" rating for the company in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ThredUp in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.00.
Read Our Latest Stock Analysis on ThredUp
Institutional Trading of ThredUp
Several hedge funds and other institutional investors have recently bought and sold shares of TDUP. Alpine Global Management LLC bought a new position in shares of ThredUp in the 4th quarter worth $74,000. nVerses Capital LLC purchased a new position in shares of ThredUp during the 4th quarter valued at about $83,000. VARCOV Co. acquired a new position in shares of ThredUp in the 4th quarter valued at about $201,000. Man Group plc boosted its stake in shares of ThredUp by 51.8% in the fourth quarter. Man Group plc now owns 85,453 shares of the company's stock worth $546,000 after buying an additional 29,156 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in ThredUp by 53.3% during the fourth quarter. Inspire Investing LLC now owns 74,122 shares of the company's stock worth $474,000 after acquiring an additional 25,784 shares during the period. Institutional investors own 89.08% of the company's stock.
About ThredUp
(
Get Free Report)
ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp's in-house authentication, quality control and logistics capabilities.
In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.
Further Reading
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